Cisco Systems stock, live, through the tokenised share

Signals, right now

The company that was briefly the most valuable on earth

Cisco reached the top of the market in March 2000 and has spent the quarter century since as the standard example of what paying any price for a good business does to a return. The business went on growing; the shareholder did not recover for a very long time. It is worth knowing that history before reading any chart of it, including the seven-day one above.

Hardware refresh cycles make the revenue lumpy in a knowable way

Switches and routers are replaced on multi-year cycles tied to enterprise budgets, so orders arrive in waves rather than smoothly. The company has spent years moving customers onto subscriptions to damp that, and the proportion of revenue that recurs is the number to watch. It is also why the realised volatility above tends to sit low for a technology name.

What a backed token gives you and what it costs you

An issuer buys the share, holds it with a custodian, and issues a token against it. The token quotes continuously and settles fast; it carries no vote, dividends depend on the issuer's terms, and there is a counterparty between you and the share. On a dividend-paying name that distinction is not cosmetic.

The part we cannot verify

We read the token's price, its traded volume and the value of tokens in issue. We do not audit the custody behind it. The price was checked against the exchange's last close when this page was built and agreed to within two percent, which is consistent with the token having traded on after that close. For the official price, use Nasdaq or a broker.